An independent condition survey, carried
out periodically, not only provide the Owners, Charterers,
Underwriters or Insurers a report on the general condition
of the ship, but also gives an insight into the vessel's
operation and procedural matters such as crew training and
safety awareness. Thus, potential problems may be identified
at an early stage, allowing remedial action to be taken.
STET Maritime can provide various types
of condition surveys for all sizes and types of vessel which
can be tailored to suit your specific requirements. The
following condition surveys may be carried out afloat, or in
drydock. Click on each title for details.
Condition Surveys are
occasionally required by Banks, Leasing Companies and/or Insurance Companies who
are interested in the vessel’s structural integrity and safety for its intended
use. It is a comprehensive inspection of the vessel and reflects the condition
and degree of maintenance of the vessel and its machinery, equipment and
operational.
This survey is
performed for the P&I Club or Insurance Company to have a clear view on the
condition of structure, maintenance and overall safety of the vessel to be
protected and determine whether or not the vessel is an acceptable risk. Both
the surveys are very similar to the Condition Survey and have additional
comments and summary of defects and/or recommendations for action/repairs.
The Valuation Survey
is a full survey of the vessel similar to the Condition Survey and the
Pre-Purchase Survey primarily to gather enough information to justify or
determine the fair market value of the vessel. This is normally needed for bank
financing, estate settlements, judicial sale and legal cases.
